Boston Trust Walden Corp trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,402,505 shares of the information services provider's stock after selling 91,082 shares during the period. Alphabet comprises approximately 1.6% of Boston Trust Walden Corp's investment portfolio, making the stock its 3rd biggest position. Boston Trust Walden Corp's holdings in Alphabet were worth $232,605,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GOOGL. MorganRosel Wealth Management LLC increased its position in Alphabet by 3.6% in the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock worth $295,000 after buying an additional 57 shares during the last quarter. Hengehold Capital Management LLC boosted its position in shares of Alphabet by 0.8% during the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock valued at $1,316,000 after acquiring an additional 60 shares during the last quarter. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after buying an additional 60 shares during the last quarter. First PREMIER Bank boosted its holdings in shares of Alphabet by 3.8% in the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider's stock worth $275,000 after purchasing an additional 61 shares in the last quarter. Finally, MKT Advisors LLC lifted its holdings in shares of Alphabet by 0.8% in the 3rd quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider's stock worth $1,221,000 after acquiring an additional 62 shares during the last quarter. 40.03% of the stock is owned by institutional investors.
Analyst Ratings Changes
GOOGL has been the topic of several recent analyst reports. Piper Sandler reissued an "overweight" rating and issued a $210.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Wedbush reiterated an "outperform" rating and set a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. Roth Mkm lifted their price objective on Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Mizuho raised their price target on Alphabet from $205.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.
Check Out Our Latest Stock Analysis on GOOGL
Insider Transactions at Alphabet
In related news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company's stock, valued at $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,552 shares of company stock valued at $40,287,253. 11.55% of the stock is currently owned by company insiders.
Alphabet Trading Down 1.3 %
Shares of NASDAQ GOOGL traded down $2.40 during mid-day trading on Friday, reaching $178.35. 21,982,048 shares of the company's stock were exchanged, compared to its average volume of 27,174,885. The firm has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.20 and a beta of 1.03. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The company's 50-day moving average is $163.54 and its 200-day moving average is $169.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the business posted $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 7.99 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet's dividend payout ratio (DPR) is 10.61%.
About Alphabet
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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